We’re rapidly moving back into our regular programming because I need to put in more effort to complete my training.
The section of black box thinking comes in two parts.
The first part is radical acceptance. You need to accept reality and acknowledge your flops. My investment skills did not grow for a while because I stuck to high yielding stocks and REITS and needed passive income so much that I was unwilling to consider alternative approaches. I have to accept that my performance has been so-so over the years.
Thankfully, back-testing and leverage showed me that there are certainly ways to have high quality growth without sacrificing my income needs.
This can be applied in many other areas in a person’s life.
Last year, I finally accepted that one particular bookstore in Singapore does not really deserve my business anymore. I’m not really a cultural person and this bookstore …